Nelco Limited announced that the Board of Directors at their Meeting held on 28th April 2021 has recommended a Dividend of INR 1.20/- per Equity Share of INR 10/- each (12%) for the Financial Year ended 31st March 2021. The Company shall, therefore be required to deduct tax at source at the time of making the payment of the Dividend, if declared at the Annual General Meeting of the Company to be held on 22nd June 2021.